Crowdfunding will likely become the new law of the land, but not as soon as its advocates had hoped.
The JOBS Act passed the House easily on March 8 by a 390-23 vote, and its supporters hoped it would sail through the Senate. But today the Act has been delayed in the Senate by new arguments and amendments.
Senate Democrats created an amendment to the Act, S.AMDT. 1833, designed to improve transparency and consumer protections around the crowdfunding portion of the act. It would replace H.R. 2930, the Crowdfunding bill that is incorporated into the JOBS Act. Today, … Read more